Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Preferred Stock Dividend Declaration and Payment

The following table presents cash dividends declared by the Company on its Series B Preferred Stock from January 1, 2014 through March 31, 2014:

Declaration Date	Record Date	Payment Date	Dividend Per Share
February 14, 2014	February 28, 2014	March 31, 2014	$	0.46875

Schedule of cash dividends declared on common stock

The following table presents cash dividends declared by the Company on its common stock from January 1, 2014 through March 31, 2014:

Declaration Date (1)	Record Date	Payment Date	Dividend Per Share
March 10, 2014	March 28, 2014	April 30, 2014	$	0.20	(1)

(1)  At March 31, 2014, the Company had accrued dividends and DERs payable of $73.9 million related to the common stock dividend declared on March 10, 2014.

Schedule of changes in balances of each component of the entity's AOCI

The following table presents changes in the balances of each component of the Company’s AOCI for the three months ended March 31, 2014:

	Three Months Ended   March 31, 2014
(In Thousands)	Net Unrealized Gain/(Loss) on Available-for-Sale MBS			Net  Unrealized Gain/(Loss) on Swaps			Total AOCI
Balance at the beginning of the period	$	752,912		$	(15,217	)	$	737,695
OCI before reclassifications	69,260			(12,267		)	56,993
Amounts reclassified from AOCI (1)	(2,950		)	447			(2,503		)
Net OCI during the period (2)	66,310			(11,820		)	54,490
Balance at end of period	$	819,222		$	(27,037	)	$	792,185

The following table presents changes in the balances of each component of the Company’s AOCI for the three months ended March 31, 2013:

	Three Months Ended   March 31, 2013
(In Thousands)	Net Unrealized Gain/(Loss) on Available-for-Sale MBS			Net  Unrealized Gain/(Loss) on Swaps			Total AOCI
Balance at the beginning of the period	$	824,808		$	(62,831	)	$	761,977
OCI before reclassifications	119,439			12,316			131,755
Amounts reclassified from AOCI (1)	(1,360		)	—			(1,360		)
Net OCI during the period (2)	118,079			12,316			130,395
Balance at end of period	$	942,887		$	(50,515	)	$	892,372

(1)  See separate table below for details about these reclassifications.

(2)  For further information regarding changes in OCI, see the Company’s consolidated statement of comprehensive income/(loss).

Information about the significant amounts reclassified out of the entity's AOCI

The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the three months ended March 31, 2014:

Details about AOCI Components	Amounts Reclassified from AOCI			Affected Line Item in the Statement Where Net Income is Presented
(In Thousands)
Available-for-sale MBS:
Realized gain on sale of securities	$	(2,950	)	Gain on sales of MBS and U.S. Treasury securities, net
Swaps designated as cash flow hedges:
De-designated Swaps	$	447		Other, net
Total reclassifications for period	$	(2,503	)

The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the three months ended March 31, 2013:

Details about AOCI Components	Amounts Reclassified from AOCI			Affected Line Item in the Statement Where Net Income is Presented
(In Thousands)
Available-for-sale MBS:
Realized gain on sale of securities	$	(1,360	)	Gain on sales of MBS and U.S. Treasury securities, net
Total reclassifications for period	$	(1,360	)